Stealth Metal Recycling and Processing Inc
- Proceeding
- BankruptcySection 67(b), of the Bankruptcy and Insolvency Act
- File
- 35-3073843
Stealth Metal Recycling and Processing Inc. went into bankruptcy in Ontario on April 29, 2024 at 15:02, under court file no. 35-3073843, with MNP Ltd. acting as Licensed Insolvency Trustee on a basis stated as section 67(b) of the Bankruptcy and Insolvency Act. Digitech Finance Inc., Sheaves Capital and Tatro Horizons Limited each hold registered security against the company's assets. The Statement of Affairs reports unsecured creditors of $926,007, against proofs of claim received to date of $155,656. The trustee understands the Canada Revenue Agency holds a deemed trust claim of approximately $300,000 for unpaid source deductions and has not yet filed a proof of claim; as of December 2023 the company owed CRA approximately $383,000 in HST and $269,000 in source deductions. The proceeding remains active.
Certificate of Appointment was filed. Court file 35-3073843.
Source: Certificate of Appointment
A meeting of creditors is recorded on the commencement date of April 29, 2024; the record supplies no attendance, resolutions or other outcome from it.
Source: Creditors Package
Debtor
Stealth Metal Recycling and Processing Inc
Trustee in bankruptcy
MNP
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency · in 986 casesDeemed trust claim class; approximate amount; CRA has not yet filed a proof of claim; separately Company owed CRA approximately $383,000 in HST and $269,000 in source deductions as of December 2023 per prose — debtor: Stealth Metal Recycling and Processing Inc. | $300K | Preliminary Report of Trustee |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured |
4 more claims in 2 classes The stack holds Deemed trusts (CRA and other), Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansUnsecured creditors: no distribution.EstimatedPreliminary Report of Trustee · 17 May 2024
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | no distribution | Estimatedper the trustee | Preliminary Report of Trustee · 17 May 2024 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
As at ·
The 2 totals the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Preliminary Report of Trustee
| PDF · Subscribers | |
Certificate of Appointment
| PDF · Subscribers | |
Creditors Package
| PDF · Subscribers | |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “Stealth Metal Recycling and Processing Inc” (Bankruptcy). Retrieved 6 November 2026, https://proceedings.ca/case/stealth-metal-recycling-and-processing-inc